Question: Which statement is true about a counteroffer?it involves the retraction of an offer before it is acceptedit functions as both an offer and an acceptanceit

Which statement is true about a counteroffer?it involves the retraction of an offer before it is acceptedit functions as both an offer and an acceptanceit is a new offer based on the rejection of a previous offerit is not really an offer, but functions as the revocation of an offer

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